Last checked at 7 Jan 2022 08:19
7 January 2022
Savannah Energy PLC
("Savannah", the "Company" or the "Group")
PDMR Dealings
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, announces the following dealings by certain persons discharging managerial responsibilities as part of the Subscription, as announced at 5.53 p.m. on 30 December 2021.
The information contained in this notification is disclosed in accordance with the requirements of Article 19 of the Market Abuse Regulation.
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Andrew Knott | |
2 | Reason for the notification | ||
a) | Position/status | Executive Director | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Savannah Energy PLC | |
b) | LEI | 2138002YCJORSFH5YR43 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
GBOOBP41S218 | |
b) | Nature of transaction | Purchase | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
19.35p
| 11,613,390 | ||
d) | Aggregated information - Aggregated volume - Price
| N/A, single transaction | |
e) | Date of the transaction | 7 January 2022
| |
f) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | Steve Jenkins | |||||
2 | Reason for the notification | ||||||
a) | Position/status | Director | |||||
b) | Initial notification/Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Savannah Energy PLC | |||||
b) | LEI | 2138002YCJORSFH5YR43 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument Identification code
| Ordinary shares of £0.001 each
GBOOBP41S218 | |||||
b) | Nature of transaction | Purchase | |||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
19.35p
| 258,398 | ||||||
d) | Aggregated information - Aggregated volume - Price
| N/A, single transaction | |||||
e) | Date of the transaction | 7 January 2022
| |||||
f) | Place of the transaction | London Stock Exchange | |||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | Mark Iannotti | |||||
2 | Reason for the notification | ||||||
a) | Position/status | Director | |||||
b) | Initial notification/Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Savannah Energy PLC | |||||
b) | LEI | 2138002YCJORSFH5YR43 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument Identification code
| Ordinary shares of £0.001 each GBOOBP41S218 | |||||
b) | Nature of transaction | Purchase | |||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
19.35p
| 1,700,000
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A, single transaction | |||||
e) | Date of the transaction | 7 January 2022
| |||||
f) | Place of the transaction | London Stock Exchange | |||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | Stephen O'Brien | |||||
2 | Reason for the notification | ||||||
a) | Position/status | Director | |||||
b) | Initial notification/Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Savannah Energy PLC | |||||
b) | LEI | 2138002YCJORSFH5YR43 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
GBOOBP41S218
| |||||
b) | Nature of transaction | Purchase | |||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
19.35p
| 258,398
| ||||||
d) | Aggregated information - Aggregated volume - Price
| N/A, single transaction | |||||
e) | Date of the transaction | 7 January 2022
| |||||
f) | Place of the transaction | London Stock Exchange | |||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | David Clarkson | |
2 | Reason for the notification | ||
a) | Position/status | Director | |
b) | Initial notification/ Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Savannah Energy PLC | |
b) | LEI | 2138002YCJORSFH5YR43 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
GBOOBP41S218 | |
b) | Nature of transaction | Purchase | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
19.35p
| 516,796
| ||
d) | Aggregated information - Aggregated volume - Price
| N/A, single transaction | |
e) | Date of the transaction | 7 January 2022 | |
f) | Place of the transaction | London Stock Exchange | |
| ||
Savannah Energy PLC | +44 (0) 20 3817 9844 | |
Andrew Knott, CEO | ||
Nick Beattie, Interim CFO | ||
Sally Marshak, Head of IR & Communications
| ||
Strand Hanson Limited (Nominated Adviser) | +44 (0) 20 7409 3494 | |
James Spinney | ||
Ritchie Balmer | ||
Rob Patrick
| ||
finnCap Ltd (Joint Broker) Christopher Raggett Tim Redfern
| +44 (0) 20 7220 0500 | |
Panmure Gordon (UK) Ltd (Joint Broker) John Prior Hugh Rich James Sinclair-Ford
| +44 (0) 20 7886 2500 | |
Camarco | +44 (0) 20 3757 4983 | |
Billy Clegg Owen Roberts Violet Wilson | ||
About Savannah Energy:
Savannah Energy PLC is an AIM listed British independent energy company focused around the delivery of Projects that Matter in Africa. In Nigeria, the Company has controlling interests in the cash flow generative Uquo and Stubb Creek oil and gas fields, and the Accugas midstream business in South East Nigeria, which provides gas enabling over 10% of Nigeria's thermal power generation. In Niger, the Company has licence interests covering approximately 50% of the highly oil prolific Agadem Rift Basin of South East Niger, where the Company has made five oil discoveries and seismically identified a large exploration prospect inventory consisting of 146 exploration targets to be considered for potential future drilling activity. The Company has announced that it is in the process of acquiring a portfolio of upstream and midstream assets in Chad and Cameroon.
Further information on Savannah Energy PLC can be found on the Company's website: www.savannah-energy.com.